Financing Facilities
Financing Facilities
Many construction companies offer various long term payment schemes to assist its purchasers. Though each project differs, a deposit of 30% is required on signing a purchase agreement for a completed building and the balance can be paid in 84-144 consecutive monthly installments at 9% interest on the reducing balance.
There are also schemes for purchasing property during the construction period or before. Additional information will be provided on request. In addition we may assist you to obtain from a Commercial Bank in Cyprus a housing loan at favorable conditions.
Bank Guarantees
Many construction firms may issue, if required a bank guarantee as security towards the purchase of property until the issue of the title deed. The relevant cost will be borne by the purchaser
Many construction firms may issue, if required a bank guarantee as security towards the purchase of property until the issue of the title deed. The relevant cost will be borne by the purchaser
Volex